Personal finance gets many things right. Bank balances hold your money. Budgeting tools show you where it went. Credit cards promise cash back. They all work. Sometimes they don't. They provide value when life goes according to plan; they become expensive when life doesn't. And for roughly half of America, going off the rails is the norm.
How does it all go wrong?
Balances. The more income stays siloed, the less likely it is to be protected: everything is competing for the same money.
Budgeting. The more problems you see, the less likely you are to turn off your subscription, even though it's not helping.
Borrowing. The more points you chase, the less likely you are to pay off your balance, making those points you earned worthless.
What's the fix?
Routing. The more money you direct up front, the more likely you are to be certain: you no longer have to hold it all in your head. [CROSS-LINK: Money was missing something.]
How does it work?
Most banks keep that fee for themselves. Magnitude splits it with you. Your share of every purchase comes back to you as part of your annual rebate.
Routing starts with income allocation. When your paycheck lands in Magnitude, it's split into purpose-bound reserves that you assign, whether a need, want, goal, or investment. Each dollar is spoken for and protected. Every time you spend on your Magnitude debit card, the merchant's side of the sale pays a small network fee, called interchange. Most banks keep that fee for themselves. Magnitude splits it with you. Your share of every purchase comes back to you as part of your annual rebate.
Why doesn't everyone do this?
Magnitude has an advantage the others don't. If your device pairs with your Magnitude debit card at the point of sale, it strengthens authorization. Stronger authorization means fewer unauthorized charges, lowering operating costs. These are savings that Magnitude passes on to you. [CROSS-LINK: The non-destructive authorization.]
How much money?
Content-creator platforms pay about half of their revenue to the people who create value: TikTok does. YouTube does. Now Magnitude does.
50% of our revenue.
Content-creator platforms pay about half of their revenue to the people who create value: TikTok does. YouTube does. Now Magnitude does.
So, if it pays, is the membership free?
Your annual membership is $99, or $149 for a couple or family. If you spend $2.5k–$10k on monthly bills, your annual rebate is $225–$900 or more.
So, if you go all in, it's better than free. It pays for itself, many times over.
What's your annual rebate?
Magnitude will show you before your next paycheck lands.
